How long could you manage if you were fired tomorrow?

joe_mcclaine

2 years, plus another 2 if I sold the odd trinket

racing_blue

joe_mcclaine wrote: »

2 years, plus another 2 if I sold the odd trinket

You're lucky, my wife said she wouldn't agree to be sold.

cheexy

1 year exactly

System

It depends whether you really mean fired, as in dismissed for some serious disciplinary matter, or employment terminated by agreement or redundancy with a financial settlement.

Double_V

A week.

edinburgher

A year if wife and I both lost our jobs today, very slightly longer if we sold all of our consumer goods.

That said, much of our liquid assets are held in a S&S ISA, in the event of a recession leading to a job loss, I'd reduce that estimate by at least 25% as the value would fall considerably.

Notfarfromtheborder

No where near enough liquid assets, maybe £4K which would last a couple of months at a squeeze.


That said got a £100K mortgage facility still open, house paid off already so could borrow a bit back if needed to tide us over

beanie414

I would think we would last for about a year without working.

YoungBusinessman

Without change to lifestyle id last till the end of July....really need to step things up and get 2/3 months expenses(2,500 PCM!!) put away before winter seeing as i have a seasonal job.

Wobblydeb

If only one of us lost our job, we would manage other than longer term spends like house repairs or replacing the car. So realistically we'd have to tighten our belts to last indefinitely on one salary.

If both of us lost our jobs, we could last about 3 years.

When I was single and had just blown all my savings on my first home, I took out income protection insurance ....... possibly something to consider if there isn't a partner to pick up the slack and before you've got a decent savings buffer....